Pooling international tourism in Western Europe

    Research output: Contribution to journalArticleResearchpeer-review

    Abstract

    This paper examines potential improvements in measures of international travel demand elasticities by pooling cross sections and time series of travel receipts. International travel receipts for 18 European countries are pooled and estimates of elasticities with respect to income, exchange rates, relative prices, transport costs, and number of terrorism events are computed. Indexes are developed for the purpose of measuring and aggregating transport costs and terrorism. The results show that the responses to changes in these variables are significantly different across countries. When the countries are constrained to have the same elasticities, but the constants are allowed to be different, it is found that all variables affect tourism in the expected direction and are statistically significant.
    Original languageEnglish
    Pages (from-to)477-491
    Number of pages15
    JournalAnnals of Tourism Research
    Volume16
    Issue number4
    DOIs
    Publication statusPublished - 1989

    Fingerprint

    international tourism
    terrorism
    Western Europe
    elasticity
    Tourism
    travel
    demand elasticity
    travel demand
    exchange rate
    tourism
    cross section
    income
    time series
    costs
    event
    transport cost
    International tourism
    Transport costs
    Terrorism
    Elasticity

    Cite this

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    title = "Pooling international tourism in Western Europe",
    abstract = "This paper examines potential improvements in measures of international travel demand elasticities by pooling cross sections and time series of travel receipts. International travel receipts for 18 European countries are pooled and estimates of elasticities with respect to income, exchange rates, relative prices, transport costs, and number of terrorism events are computed. Indexes are developed for the purpose of measuring and aggregating transport costs and terrorism. The results show that the responses to changes in these variables are significantly different across countries. When the countries are constrained to have the same elasticities, but the constants are allowed to be different, it is found that all variables affect tourism in the expected direction and are statistically significant.",
    keywords = "international, tourism, terrorism, econometrics",
    author = "Pascal Tremblay",
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    pages = "477--491",
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    }

    Pooling international tourism in Western Europe. / Tremblay, Pascal.

    In: Annals of Tourism Research, Vol. 16, No. 4, 1989, p. 477-491.

    Research output: Contribution to journalArticleResearchpeer-review

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